This week the most advanced AI model on the planet got switched off by a foreign government. British researchers were studying it. British companies were testing it. British hospitals were piloting it. Not any more.
This isn't an AI story. It's the story of every industry we used to lead.
Britain has some of the best AI talent in the world. DeepMind was built here. Our AI Safety Institute writes the rules other countries follow. We have the researchers, the universities, the standards.
What we don't have is the power stations to run the data centres, the planning system to build them, or the industrial base to make the chips. So the work happens here and the value lands somewhere else. We invent. Others build. Others decide. Then we read about it on Saturday morning.
Same story as the kit our soldiers don't have. Same story as the factories we used to.
I spent nine months in government making this argument inside the room. I'll make it louder from outside.
The part of SpaceX’s business that has short term upside is the terrestrial data center business. Right now they have 2 customers: Anthropic and Google. The fastest way to expand would be to acquire a world class data center developer like Cipher. The issue is it’s not for sale.
"We're the largest holder of Bitcoin in the world. We're the largest purchaser of Bitcoin in the world. And we'll continue to be". Watch my conversation with @CNBC@PowerLunch below.
00:00 — "We're net purchasers of Bitcoin." The 32 BTC sale helped inoculate the market, test our processes, and capture tax losses over time
1:47 — We balance the needs of our constituents: $MSTR and $STRC shareholders, $BTC hodlers, and debt holders
3:07 — Four-year cycles, macro volatility, geopolitical conflict, inflation uncertainty, Fed policy, Clarity
4:15 — Bitcoin is a hedge against inflation and big government
5:32 — Capital that rotates from $BTC to AI will come back to $BTC
6:42 — With clearer rules, every major bank is going to flood into $BTC and crypto
7:27 — Expanding financial-system access is good for Bitcoin
@JonnieKing@pete_rizzo_@alanknit@mikealfred called $iren and several miners such as $clsk and $cifr on AI infrastructure, computing power and electricity capacity back in 2022/2023, some who ran more than 10x. Yes he is a bullish motherfucker, privilege to be bullish comes with knowledge. Read more.
@JonnieKing@pete_rizzo_@alanknit@mikealfred called $iren and several miners such as $clsk and $cifr on AI infrastructure, computing power and electricity capacity back in 2022/2023, some who ran more than 10x. Yes he is a bullish motherfucker, privilege to be bullish comes with knowledge. Read more.
Running the numbers again this week. Even under conservative assumptions, the risk/reward still looks skewed in one direction. Not financial advice, just what the math keeps telling me.
People also thought $MSTR was dead in January of 2024 when the BTC ETF’s launched. “mNAV” fell below 1, “flywheel was broken”
Strategy proceeded to go on and acquire 655,256 Bitcoin since then.
$8B in capital > $52B in capital.
The strategy is refined, leverage is lower, the balance sheet is 6.5x larger, the dividends are being paid, capital machine is working just fine.
Excess Bitcoin risk is being pooled and shared in the capital markets, priced in real time, with TRANSPARENT balance sheets & frequent SEC filings.
STRC is not a stablecoin, it is a credit instrument. “Depegged” is not a thing, liquidation doesn’t exist, and margin is not calling.
The balance sheet is very healthy.
Bewilderment will continue, until morale improves.
$STRC and $MSTR shareholders have approved the amendment to move $STRC dividends from monthly to semi-monthly. Under the new cadence, the first record date is June 30 and the first payment date is July 15. Thank you to every shareholder who voted.
https://t.co/98lMXWW4XF
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
The move from $16,000 to $126,000 to $60,000 was not a full cycle move. It was just a re-basing before the actual bull run. The actual bull run will take us from $60,000 to at least the $315,000 area. It will correspond with an actual economic and business cycle. Newbs will see.
During the next 3 - 18 months:
Ukraine War ends. The Middle East stabilizes. CLARITY Act passes. The Strategic Bitcoin Reserve activates. Debt forces QE. Rates get cut. Printer will print. TRILLIONS flow. Inflation goes crazy again.
And Bitcoin goes to the fucking moon.
While markets focus on short-term portfolio adjustments, leaders in the U.S. government are laying the foundation for long-term leadership in Bitcoin and digital assets.